Aramco and Larsen & Toubro to collaborate on manufacturing sector development

The Saudi Arabian Oil Company in collaboration with Indian conglomerate Larsen & Toubro (L&T) is developing manufacturing capabilities in the Kingdom of Saudi Arabia.

The companies have signed a Memorandum of Understanding outlining collaboration on L&T’s efforts to establish the region’s first Heavy Wall Pressure Vessels facility at Saudi Arabia’s strategically located Jubail Industrial City.

The MoU is in line with the Aramco Namaat program, launched in September, which aims to tap into the vast opportunities available in Saudi Arabia to create value, as well as drive economic expansion and diversification.

Ahmed Sa’adi, Aramco’s Senior Vice President of Technical Services, said: “This manufacturing facility, once completed, will provide a large number of skilled job opportunities for Saudi youth, localize the “know how” of heavy wall vessels in the Kingdom, and deploy the latest manufacturing technologies to serve the Kingdom and MENA region. We expect this facility to help Aramco and others in the Kingdom to increase localization and optimize capital cost.”

Mr. S. N. Subrahmanyan, L&T’s CEO, said: “We believe this is another significant milestone for L&T in the Kingdom and a strong testimony to our commitment to the development of the region. We wish to express our gratitude to Saudi Aramco for their guidance and support in the Kingdom.”

L&T is due to start construction of the new facility imminently, with production expected to commence by Q3 2022. Spread over an area of 120,000 square meters, the facility aims to produce critical equipment for several industries, including the power and oil and gas sectors.

Sponsor:

News Category:

Company News

Other News Items

TotalEnergies to cease operating its oldest steam cracker in Antwerp

TotalEnergies’ Antwerp platform provides an update on its investments for the future and announces plan to reconfigure its petrochemicals operations to strengthen competitiveness. ...

23-04-2025
HOERBIGER to break ground on new Florida Campus in Florida

HOERBIGER Corporation of America will hold a ceremony to commemorate the groundbreaking of its future home, the HOERBIGER Florida Campus, on Wednesday, April 23rd. Construction ...

22-04-2025
Amogy and JGC to accelerate commercialisation of ammonia cracking catalyst

Amogy, a provider of mature, scalable, and efficient ammonia-to-power solutions, today announced the first pilot plant deployment of its advanced ammonia cracking catalyst ...

17-04-2025
Clariant teams up with Technip to introduce new steam-to-oil catalyst

Clariant, a global leader in specialty chemicals, today announced the launch of StyroMax UL-100, its most advanced ethylbenzene dehydrogenation catalyst to date. This ...

09-04-2025
Yokogawa Launches OpreX Plant Stewardship

Yokogawa Electric Corporation announces the launch today of OpreXTM Plant Stewardship, the most comprehensive lifecycle service program in the company’s OpreX Sustainable ...

08-04-2025
IndianOil to build mega petrochemical project in Paradip

In a landmark development, Indian Oil Corporation Ltd. (IndianOil) signed a Memorandum of Understanding (MoU) with the Government of Odisha to set up a world-class Petrochemical ...

08-04-2025
BDI BioEnergy to begin construction of biofuel feedstock refinery plant

BDI-BioEnergy International has signed a contract with Ghent Renewables BV to begin the construction of a pioneering biofuel feedstock refinery plant. This facility will ...

04-04-2025
Lummus Technology completes startup of electric heater demonstration unit

Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the successful startup of its SRT-eTM commercial demonstration ...

03-04-2025
Clariant announces the successful startup of MegaMax™ 900 catalyst

Clariant, a sustainability-focused specialty chemical company, today announced the successful startup of its MegaMax 900 methanol synthesis catalyst at European Energy’s ...

03-04-2025
Burckhardt Compression wins digital monitoring solutions order for petrochemical facility in Saudi Arabia

Burckhardt Compression, a global leader in reciprocating compressor technology, has won a significant order for Digital Monitoring Services in Saudi Arabia. The order ...

03-04-2025